4 TON Staking Platforms on The Open Network

Bittime - Staking has become a key feature in the TON ecosystem, giving users the opportunity to earn rewards while contributing to network security. 

The ecosystem has 424,382,249 Toncoins staked, with a value of over $1 billion. This guide will explain Ton's staking platforms on The Open Network!

The Role of Staking in TON

TON Blockchain operates on a Proof-of-Stake (PoS) model, which is more energy efficient compared to the Proof-of-Work (PoW) system used by Bitcoin. 

In PoS, validators—those responsible for verifying and adding new transactions—are selected based on the amount of cryptocurrency they stake as collateral. The greater the amount staked, the greater the possibility of being selected as a validator. 

This system ensures that those validating transactions have a stake in maintaining the integrity of the network.

Validators are rewarded by transaction fees and new minted coins, which are distributed according to the amount of their stake. To become a validator, a minimum of 600,000 TON is required to be staked, but the TON staking service makes it easier for smaller TON holders to participate by pooling their resources.

Platform Staking TON

Ton Whales

As the first service to offer decentralized staking on the TON Blockchain, Ton Whales has attracted more than 9,000 users who have collectively staked more than $62 million. 

This platform, which is completely open-source, ensures transparency and fairness by allowing users to verify its operations. Ton Whales offers a variety of staking pools with APYs ranging from 4.05% to 5.85%, and integrates directly with TON wallets such as Tonkeeper.

Tonstakers

Tonstakers introduces a liquid staking protocol, allowing users to stake their TON and receive tsTON tokens in return. These tokens can be used across the TON DeFi ecosystem, offering flexibility while still earning rewards. 

With over 23,000 participants and $69.7 million staked, Tonstakers offers up to 5% APY. The platform operates on a non-custodial basis, ensuring that users remain in control of their assets.

Read also: Tonstakers Luncurkan Fitur Staking

bemo

bemo provides liquid staking services via the Telegram Mini App. Users stake their TON and receive stTON tokens, which can be used in DeFi activities. 

Additionally, bemo offers stXP (Staking Experience Points), which will be exchangeable for $BMO tokens in Q4 2024. Audited by Certik and TonTech, bemo reports an APY of 4.02% for 2023.

Hipo

Hipo offers decentralized liquid staking on the TON Blockchain, where users receive hTON tokens that can be used in the DeFi ecosystem. 

Hipo is designed for efficiency and ease of unstaking, with nearly 1 million Toncoins currently staked. The platform has undergone an audit by TonTech and Daniil Sedov.

Conclusion

Staking on the TON Blockchain is an innovative way for users to participate in the decentralized digital economy. By offering both traditional and liquid staking options, TON allows users to earn passive income with flexibility and security. 

Through advanced smart contracts and DAOs, TON is paving the way to a more inclusive financial system, democratizing access to investments and rewards in a blockchain world.

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